Caliber Collision — Aubrey/Pilot Point, TX (Property 3)
Single-tenant absolute-NNN Caliber Collision at 8600 US-377, Pilot Point, TX (DFW growth corridor) — the purest passive-ownership asset in the portfolio. Priced at $5,590,000 / 5.75% cap on $321,425 NOI; 15-year lease (May 2024–May 2039) with 10% increases every five years and two 5-year options. To-the-studs 2025 renovation signals tenant commitment; landlord has zero duties.
Key Facts¶
- 15,118 SF on 1.653 acres; 105 parking spaces; US-377 at 16,312 AADT.
- Rent escalates $321,425 → $388,924 (yr11) → up to $470,598 in option years.
- Strongest growth market of the four: 5-mi population +103.1% since 2010, +17.5% by 2029.
- Lowest cap rate (5.75%) reflecting longest term and tenant scale.